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keithsan
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looks like they want .32

check it out, news today.

Clinical Data Inc. (CLDA.O: Quote, Profile, Research) on Tuesday said it agreed to acquire biotechnology company Icoria Inc. (ICOR.OB: Quote, Profile, Research) for about $12.5 million in stock.

Under the terms of the agreement, Icoria shareholders will get 0.0139 share of Clinical Data common stock for each share of Icoria, the companies said in a statement.

Based on Clinical Data's closing price on Friday, the terms represent a price for Icoria of 32 cents per share, the companies said.

Posts: 9110 | From: boston, ma | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

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